China Will Crack Down on Overvalued Soccer Players, Sports Administrator Says
Yicai Global
/SOURCE : Yicai
China Will Crack Down on Overvalued Soccer Players, Sports Administrator Says

(Yicai Global) March 15 -- China will crack down soccer players being overvalued in response to public concerns, said Gou Zhongwen, head of the General Administration of Sport of China.

"I think football players being valued at sky-high prices is a phenomenon caused by those football investors who are rich and willful," Gou said. "They aim at businesses rather than football. We keep on high alert against such phenomenon and will introduce tougher regulatory measures."

Some Chinese Super League soccer teams have acquired foreign players with high transfer fees, usually over CNY100 million, attracting wide attention in recent years.

"We decry such behaviors that are negative for football development," Gou said during the Meetings of the National People's Congress and the Chinese People's Political Consultative Conference, known as "Lianghui" or "two sessions," after being question by reporters, state-run Xinhua News Agency reported today.

The General Administration of Sports said it would regulate and restrict the introduction of foreign players into the Chinese Super League to cap excessive incomes in January.

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